USDCAD Weekly Analysis – July 22, 2018

USDCAD is in downtrend from 1.3385. Further decline could be expected in a couple of weeks and a breakdown below 1.3063 support could take the price to 1.2900 area. Resistance is at 1.3385, only a breakout of this level could trigger another rise towards 1.3500.

USDCAD daily chart